Preservium Property (PRESRV) Q4 2024 earnings summary

Executive summary

• Rental income including service charges for 2024 was 76,395 TSEK, up from 72,876 TSEK year-over-year.

• Net operating income reached 67,050 TSEK, compared to 63,167 TSEK in 2023.

• Net profit for the period was 42,495 TSEK, a significant turnaround from -196,524 TSEK last year.

• Both properties remain fully leased to public sector tenants with long-term contracts.

Financial highlights

• Q4 2024 rental income was 19,131 TSEK, up from 18,147 TSEK in Q4 2023.

• Q4 net operating income was 15,990 TSEK, slightly above 15,903 TSEK in Q4 2023.

• Q4 net profit was 10,556 TSEK, compared to -137,881 TSEK in Q4 2023.

• Market value of properties at year-end was 1,316,000 TSEK, up from 1,300,000 TSEK.

• Cash and cash equivalents increased to 96,087 TSEK from 55,459 TSEK year-over-year.

Outlook and guidance

• Operations are expected to continue unchanged with fully leased properties.

• No dividend proposed for 2024; board recommends retaining earnings.